(Reuters) – Share prices of COSCO SHIPPING Ports Ltd rose to as much as a three-month high on Thursday, after the German government cleared it to buy part of a Hamburg port-based container terminal, amid a political row over Chinese investment. The Hong Kong-listed subsidiary of China’s state-owned conglomerate China COSCO SHIPPING Corporation Limited rose…
A look at the day ahead in European and global markets from Kevin Buckland. U.S. Treasury Secretary Janet Yellen is highlighting three core priorities at the start of the G7 finance ministers’ three-day meeting in Niigata, Japan today: reining in global inflation, bolstering long-term economic resilience, and redoubling a commitment to Ukraine. But almost everyone…
A look at the day ahead in European and global markets from Kevin Buckland. U.S. Treasury Secretary Janet Yellen is highlighting three core priorities at the start of the G7 finance ministers’ three-day meeting in Niigata, Japan today: reining in global inflation, bolstering long-term economic resilience, and redoubling a commitment to Ukraine. But almost everyone…
(Reuters) -Proxy adviser Glass Lewis said on Wednesday Illumina Inc shareholders should vote for two of Carl Icahn’s nominees to the firm’s board, as representatives who can challenge the current board would be beneficial to the company. Glass Lewis added shareholders should vote against the re-election of the current chief Francis deSouza and chair John…
By Sriparna Roy and Nandhini Srinivasan (Reuters) -A U.S. Food and Drug Administration advisory panel on Wednesday voted in favor of allowing sales of Perrigo Co’s contraceptive drug without a prescription, paving the way for the country’s first over-the-counter birth control pill. The panel found the drug to be an effective OTC option with some…
By Liangping Gao and Kevin Yao BEIJING (Reuters) – China’s consumer prices rose at the slowest pace in more than two years in April, while factory gate deflation deepened, data showed on Thursday, suggesting more stimulus may be needed to boost a patchy post-COVID economic recovery. The weak consumer price rise reinforces the signals from…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -Philippine economic growth cooled to its slowest in two years in the first quarter as red-hot inflation and high interest rates dampened consumption, but a slew of positive data, including a drop in jobless rates, pointed to a rosy outlook for 2023. Gross domestic product…
By Chen Aizhu SINGAPORE (Reuters) – China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbour now settled in the Chinese currency instead of dollars, multiple trading executives with direct knowledge of the matter…
By Chen Aizhu SINGAPORE (Reuters) – China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbour now settled in the Chinese currency instead of dollars, multiple trading executives with direct knowledge of the matter…
By Steve Gorman (Reuters) – A convicted killer imprisoned in Peru will be handed over to U.S. authorities to face extortion and fraud charges there stemming from the unsolved 2005 disappearance and presumed murder of an Alabama teenager, the Lima government said on Wednesday. The executive order from Peru’s Council of Ministers allowing the temporary…
